Keefe, Bruyette & Woods Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $88.00

Key Points

• Keefe, Bruyette & Woods has reduced its price target for Fidelity National Information Services (NYSE:FIS) from $92.00 to $88.00, maintaining an "outperform" rating, indicating a potential upside of 22.01% from the last closing price.
• Other brokerages, including Oppenheimer and Stephens, have issued varied ratings, with some raising their targets to as high as $100.00, contributing to a consensus rating of "Moderate Buy" for FIS stock.
• The company's recent quarterly earnings report showed earnings per share of $1.36, which met analysts’ expectations, and revenue of $2.62 billion, surpassing predictions of $2.57 billion.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $92.00 to $88.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the information technology services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 22.01% from the company's previous close.

A number of other brokerages also recently weighed in on FIS. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a report on Wednesday, April 23rd. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. UBS Group boosted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada dropped their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.80.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $72.13 on Wednesday. The business has a fifty day moving average price of $80.31 and a two-hundred day moving average price of $76.90. The stock has a market capitalization of $37.90 billion, a PE ratio of 47.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. Fidelity National Information Services has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. Fidelity National Information Services's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 earnings per share. As a group, equities analysts predict that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC boosted its position in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. YANKCOM Partnership grew its position in shares of Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Finally, NewSquare Capital LLC increased its stake in Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.

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